This chapter develops a unified analytical framework, drawing on and extending the existing literatureon the subject, for studying the role of property rights in economic development. Itaddresses two fundamental and related questions concerning the relationship between propertyrights and...

This article investigates economic performance when enforceable propertyrights are missing and basic needs matter for consumption. It suggests anew view of the so-called voracity eect according to which windfall gains inproductivity induce behavior that leads to lower economic growth. Takinginto...

This paper introduces wealth-dependent time preference into a simplemodel of endogenous growth. The model generates adjustment dynamics in linewith the historical facts on savings and economic growth in Europe from the HighMiddle Ages to today. Along a virtuous cycle of development more wealth...

This paper presents an account of the environment faced by entrepreneurs in Russia. Insection one we give a brief introduction to the country which is followed by theoverview of a public policy on small and medium enterprises in the next section. Thecurrent state of SMEs and some particularities...

Work, in all its manifestations and with its very different returns, is an indispensable featureof human existence. Consequently, labour policy and social policy are concerned with shapingthe immediate conditions of everyday life. The composite term "labour and social standards"indicates that...

Work, in all its manifestations and with its very different returns, is an indispensable featureof human existence. Consequently, labour policy and social policy are concerned with shapingthe immediate conditions of everyday life. The composite term "labour and social standards"indicates that...